Forex Opinion & Analysis

EUR/USDCurrently we are 1.1074 in a nice range. Two scenarios: Bullish: a move to the 0.214 Fibo at 1.1390 area Bearish: A break down here to the 0.786 Fibo at 1.0965. When is the question! The...

The Australian dollar is showing little movement on Thursday, following strong gains in the Wednesday session. AUD/USD is trading slightly above the 0.75 line. In economic news, Australia’s...

Market Drivers July 7, 2016 S&P Puts AU AAA on review UK MP/IP better Nikkei -0.67% DAX 1.12% Oil $48/bbl Gold $1368/oz. Europe and Asia EUR: GE IP -1.3% vs. 0.0% GBP: UK IP 1.4% vs. 0.5% North...

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.2700, that may be expected to continue, while pair is trading below resistance level 1.3025. Alternative scenario:An uptrend...

EUR/USDMain scenario:The pair is trading along a downtrend with target on 1.1000 that may be expected to continue, while pair is trading below resistance level 1.1080. Alternative scenario:An uptrend...

Autochartist recently identified the breakout of the Uniform Triangle chart pattern on the 15-minute GBP/CHF charts. Autochartist rates the overall Quality of this chart pattern at the 7 bar level,...

EUR/USD has posted slight losses on Thursday, erasing the gains recorded in the Wednesday session. The pair is trading at 1.1070. On the release front, German Industrial Production disappointed with a...

Major currencies were steadier in Asian trading on Thursday following some risk-off moves yesterday. The FOMC minutes of the Fed’s June meeting helped calm market nerves as they suggested that...

Previous:The euro/dollar closed up on Wednesday. Trades were volatile due to US stats. The pair restored to 1.1087 and then again fell under pressure due to ISM data for the service sector. The...

What a nimrod…………Kuroda has been truly humbled by the market. He’s speaking again in a few hours; let’s see what magic he can work this time. 2016 has been an...

EUR/USD traced out a flat pattern in the corrective pullback in blue wave ii, which seems completed and that is why we are looking lower. Possible bearish run in wave iii could follow. Let’s...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD rose 0.89% against the USD and closed at 0.7511. LME Copper prices declined 2.78% or $134.5/MT to $4706.0/MT. Aluminium prices declined 0.03% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD and closed at 1.2956. In economic news, Canada’s international merchandise trade deficit narrowed slightly...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9749. In the Asian session, at GMT0300, the pair is trading at 0.9746, with the USD trading...